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Yohji Files For Bankruptcy Protection, Finds Investor

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  • gerry
    Senior Member
    • Feb 2008
    • 309

    Yohji Files For Bankruptcy Protection, Finds Investor

    by Amanda Kaiser

    Posted Friday October 09, 2009

    From WWD.COM





    TOKYO--Yohji Yamamoto Inc. has filed for bankruptcy protection with the Tokyo District Court.

    Japanese investment company Integral Corp. released the news Friday by issuing a press release stating that it will finance the fashion house’s restructuring efforts.

    Yohji Yamamoto, which was rumored to be suffering, has called a press conference for Friday evening in Tokyo. A spokewoman declined to comment at press time.

    For complete coverage see Monday’s WWD.
  • jcotteri
    Senior Member
    • Jun 2008
    • 1328

    #2
    sad sad times.. I was expecting this sooner..
    WTB: This

    Comment

    • Fuuma
      Senior Member
      • Sep 2006
      • 4050

      #3
      Was about to post that.
      Selling CCP, Harnden, Raf, Rick etc.
      http://www.stylezeitgeist.com/forums...me-other-stuff

      Comment

      • agentred
        Senior Member
        • Jul 2009
        • 143

        #4
        Will it be up on Classifieds soon?

        FS/FT: Japanese Fashion company, no low ballers

        Comment

        • Faust
          kitsch killer
          • Sep 2006
          • 37852

          #5
          /\ we should chip in
          Fashion is a form of ugliness so intolerable that we have to alter it every six months - Oscar Wilde

          StyleZeitgeist Magazine

          Comment

          • Sombre
            Senior Member
            • Jan 2009
            • 1291

            #6
            This...is...depressing. The worst bankruptcy filing of the crisis. It's a shame such a legacy will die.
            An artist is not paid for his labor, but for his vision. - James Whistler

            Originally posted by BBSCCP
            I order 1 in every size, please, for every occasion

            Comment

            • cjbreed
              Senior Member
              • Feb 2009
              • 2712

              #7
              it won't die. there is already new financial backing. but they will have to restructure, regroup, and may need to re-think a few things. like pricing. and why stores can't make the buys they used to make. and pink boxers...
              dying and coming back gives you considerable perspective

              Comment

              • Sombre
                Senior Member
                • Jan 2009
                • 1291

                #8
                Lol. I'm happy to hear there are new investors. Not exactly a silver lining, but definitely consolation.
                An artist is not paid for his labor, but for his vision. - James Whistler

                Originally posted by BBSCCP
                I order 1 in every size, please, for every occasion

                Comment

                • merkuri
                  Senior Member
                  • Sep 2009
                  • 517

                  #9
                  fear not, john bartlett will be taking over in no time flat.

                  Comment

                  • cjbreed
                    Senior Member
                    • Feb 2009
                    • 2712

                    #10
                    a little more info

                    fashionwiredaily
                    dying and coming back gives you considerable perspective

                    Comment

                    • mononon
                      Senior Member
                      • Sep 2009
                      • 1041

                      #11
                      i'm sure that yohji has a ton of financial backers who will make sure the line continues. who knows what aspects will change though, if any... nonetheless sad news
                      calvinc - "Found this place and omg the people here are so cool and they dress super ultra mega well!"

                      Comment

                      • agentred
                        Senior Member
                        • Jul 2009
                        • 143

                        #12
                        Originally posted by SombreResplendence View Post
                        This...is...depressing. The worst bankruptcy filing of the crisis. It's a shame such a legacy will die.
                        But in fairness Y made the cardinal mistake of too many fixed assets.

                        They opened huge stores in too many big cities and small cities (London OK but Antwerp wtf?!) without the advertising/sales to support them.

                        Look at CDG, a much MUCH bigger brand but they only have what? A few flagship stores and the rest are all pop ups which open and close in months to avoid long term fixed contracts. Even the fixed stores usually sell a host of other brands to appeal to a wider customer base and get more asses through the door. In contrast, I don't think I've ever been in a Y store with more customers than staff...

                        I'm not familiar with Japanese bankruptcy filings, but if this forces a restructuring of the company and sells off the stores to pay creditors it can only be a good thing.

                        Comment

                        • Big Punisher
                          Junior Member
                          • Aug 2009
                          • 17

                          #13
                          This sucks, but I'm not that surprised. His US prices are pretty ridiculous.

                          Comment

                          • agentred
                            Senior Member
                            • Jul 2009
                            • 143

                            #14
                            Originally posted by Big Punisher View Post
                            This sucks, but I'm not that surprised. His US prices are pretty ridiculous.
                            Don't ever visit the UK

                            Comment

                            • Fade to Black
                              Senior Member
                              • Sep 2008
                              • 5340

                              #15
                              sad to hear...just in tokyo this weekend, the aoyama flagship is very quiet, Isetan was quiet, only the Shibuya Seibu seemed more lively...
                              www.matthewhk.net

                              let me show you a few thangs

                              Comment

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